AC & DC: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
AC & DC
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward -€916,122
down €916,122 (-71.8%), from €1.3m to €360,366
- Reserves +€814,831
up €814,831 (+1126.7%), from €72,319 to €887,150
of which Distributable reserves: +€814,831
- Tax, wage and social debts +€81,580
new in 2025: €81,580
- Financial income -€917,386
no longer reported in 2025 (was €917,386)
- Other operating charges -€1,995
down €1,995 (-59.0%), from €3,382 to €1,387
- Depreciation +€1,350
up €1,350 (+24.5%), from €5,509 to €6,858
- Financial charges -€983
down €983 (-86.7%), from €1,134 to €151
- Gross operating margin -€222
down €222 (-2.0%), from -€10,877 to -€11,099
From the 31-12-2024 result to the 31-12-2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,076,583 | €2,071,856 | -€4,727 | -0.2% |
| Fixed assets | 21/28 | €2,076,571 | €2,069,713 | -€6,858 | -0.3% |
| Tangible fixed assets | 22/27 | €9,108 | €2,250 | -€6,858 | -75.3% |
| Furniture and vehicles | 24 | €8,708 | €2,027 | -€6,680 | -76.7% |
| Other tangible fixed assets | 26 | €401 | €223 | -€178 | -44.4% |
| Financial fixed assets | 28 | €2,067,463 | €2,067,463 | = | 0.0% |
| Current assets | 29/58 | €12 | €2,144 | +€2,132 | +17988.6% |
| Amounts receivable within one year | 40/41 | - | €2,078 | +€2,078 | |
| Other amounts receivable | 41 | - | €2,078 | +€2,078 | |
| Cash at bank and in hand | 54/58 | €12 | €66 | +€54 | +453.3% |
| Total equity and liabilities | 10/49 | €2,076,583 | €2,071,856 | -€4,727 | -0.2% |
| Equity | 10/15 | €1,356,030 | €1,254,740 | -€101,290 | -7.5% |
| Contributions | 10/11 | €7,223 | €7,223 | = | 0.0% |
| Reserves | 13 | €72,319 | €887,150 | +€814,831 | +1126.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €70,459 | €885,290 | +€814,831 | +1156.5% |
| Profit (loss) carried forward | 14 | €1,276,488 | €360,366 | -€916,122 | -71.8% |
| Amounts payable | 17/49 | €720,553 | €817,116 | +€96,563 | +13.4% |
| Amounts payable within one year | 42/48 | €719,585 | €817,116 | +€97,531 | +13.6% |
| Trade debts | 44 | €211 | €413 | +€202 | +95.3% |
| Suppliers | 440/4 | €211 | €413 | +€202 | +95.3% |
| Taxes, remuneration and social security | 45 | - | €81,580 | +€81,580 | |
| Taxes | 450/3 | - | €81,580 | +€81,580 | |
| Other amounts payable | 47/48 | €719,374 | €735,123 | +€15,749 | +2.2% |
| Accrued charges and deferred income | 492/3 | €968 | - | -€968 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,509 | €6,858 | +€1,350 | +24.5% |
| Other operating charges | 640/8 | €3,382 | €1,387 | -€1,995 | -59.0% |
| Gross operating margin | 9900 | -€10,877 | -€11,099 | -€222 | -2.0% |
| Operating profit (loss) | 9901 | -€19,767 | -€19,344 | +€423 | +2.1% |
| Financial income | 75/76B | €917,386 | - | -€917,386 | |
| Recurring financial income | 75 | €917,386 | - | -€917,386 | |
| Financial charges | 65/66B | €1,134 | €151 | -€983 | -86.7% |
| Recurring financial charges | 65 | €1,134 | €151 | -€983 | -86.7% |
| Profit (loss) for the period before taxes | 9903 | €896,485 | -€19,495 | -€915,981 | |
| Income taxes | 67/77 | - | €141 | +€141 | |
| Profit (loss) for the period | 9904 | €896,485 | -€19,636 | -€916,122 | |
| Profit (loss) for the period to be appropriated | 9905 | €896,485 | -€19,636 | -€916,122 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.